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Aug 28 - 12:12 AM
AUD/USD - Briefly Dips On Aus Construction Data
First appeared on eFXplus on Aug 27 - 09:45 PM
  • Aus construction work done for Q2 much worse than expected nAZN04HG00
  • AUD/USD dipped to 0.6748 from around 0.6760 after the release
  • The negative nember will negatively impact Q2 GDP
  • AUD/USD was bid before the data, as risk assets have a bid tone
  • S&P futures are up 0.30% while the AXJ equity index is 0.23% higher
  • Hourly support found at 0.6745 where buyers are tipped
  • AUD/USD resistance at 21-day MA at 0.6774 and break targets 0.6795/0.6800

aud/usd 2 Click here

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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